Dego Finance (DEGOUSDT) Market Overview

• Dego Finance’s price trended lower through early Asian hours, breaking below key 1.300 support.
• Momentum indicators showed bearish divergence as RSI dipped into oversold territory near 30.
• Volatility expanded sharply during the 19:45–20:00 ET timeframe with a 15-minute candle dropping from 1.310 to 1.287.
• Price consolidation appears near 1.265–1.275, forming a potential short-term base ahead of a rebound.

Dego Finance (DEGOUSDT) opened at 1.308 on 2025-08-24 at 12:00 ET, reaching a high of 1.320 before closing at 1.268 at 12:00 ET on 2025-08-25. The 24-hour volume was 1,083,700 tokens, with a notional turnover of ~$1,392,000.

Structure & Formations

Price action shows a bearish breakdown from the 1.300–1.310 resistance cluster, with a key support level now forming around the 1.265–1.280 range. A long lower wick on the 04:15–04:30 candle at 1.280 suggests some short-covering or accumulation. A bearish engulfing pattern on the 19:45–20:00 candle confirmed the bearish shift.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain below price action, reinforcing the bearish bias. The daily chart shows price trading well below the 50, 100, and 200-period lines, indicating a broader downtrend.

MACD & RSI

MACD lines showed a bearish crossover earlier in the session, with bearish divergence evident as price declined while the MACD histogram remained negative. RSI dipped to 30, signaling oversold conditions, but a reversal may not be imminent unless volume confirms a rebound.

Bollinger Bands

Volatility spiked as price fell into the lower Bollinger Band for much of the session, especially between 19:45 and 00:15 ET. A contraction in band width during the overnight session suggests potential for a price breakout, either higher or lower.

Volume & Turnover

Volume spiked sharply during the 19:45–20:00 ET period with a massive candle dropping from 1.310 to 1.287. Notional turnover increased proportionally, indicating strong bearish conviction. A divergence appears later in the session where price continued to fall but volume waned, hinting at possible exhaustion.

Fibonacci Retracements

Applying a Fibonacci grid to the 1.287–1.320 swing on the 15-minute chart, price has tested and found support at the 61.8% level (~1.275) and continues to consolidate. A break below 1.263 could trigger a 78.6% extension to 1.248.

Dego Finance appears to be entering a consolidation phase after a sharp selloff, with potential for a short-term bounce from the 1.265–1.275 support zone. However, bearish momentum remains intact unless volume confirms a reversal. Investors should remain cautious and watch for a break of 1.275 as a potential trigger for further downside.